Marcus & Millichap Brokers the Sale of Smart Pest Solutions, a 6,039-SF Mixed Use Property in Phoenix

PHOENIX, June 21, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Smart Pest Solutions, a 6,039-square-foot mixed use office and industrial property located in Phoenix, Arizona. The asset sold for $1,900,000.

“Identifying and securing this property amidst this unique commercial real estate market environment, coupled with the competitive growth of the Phoenix market was no small feat,” said Doug Fielding Jr., investment associate in Marcus & Millichap’s Phoenix office. “High user demand and constrained inventory meant that options were limited. The robust business environment in Phoenix created competition from other prospecting buyers and added to the challenge. Despite these hurdles, the team’s perseverance and strategic approach enabled us to find the perfect location for Smart Pest Solutions.” The buyer, Matt Hamblin, was procured by Fielding Jr.

“This new location in Cotton Business Center represents a significant milestone for Smart Pest Solutions,” shared Hamblin. “We are excited to expand our operations and continue providing top-tier services to our clients from this prime Phoenix location. We are grateful for the talented support from Marcus & Millichap, including their referrals to experts for SBA loan sourcing, inspection contingencies, and top-notch professionals.”

Smart Pest Solutions is located at 4535 East Broadway Road in Phoenix, Arizona. The fully air-conditioned flex building in the Cotton Business Center offers street front visibility on Broadway Road. Resting a mile from the Interstate-10 and State Route-143 freeway onramps, the asset is only a few minutes from Phoenix Sky Harbor Airport. With a clear height of 16 feet and a 14-foot drive-in roll-up door, Smart Pest Solutions has an 80% office and 20% warehouse layout. The asset includes a lobby, various office sizes, a bullpen area, a server room, a break area, two ADA restrooms, and skylights for natural light. Its central location near many important amenities makes it ideal for business efficiencies.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.